The slow but steady growth in the limited trading options available to American investors on regulated exchanges is the main focus of today’s edition of Bitcoin in Brief. Additionally covered are a surprise resignation, another ransomware attack, and much more. Also Read: Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add? NYDFS Approves Expanded Crypto Portfolio New York State Department of Financial Services Superintendent Maria T. Vullo has announced on Monday that Gemini Trust Company LLC has been authorized to offer the custody services and trading…
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Winklevoss Twins’ Gemini Exchange Unexpectedly Adds ZCash
The New-York based Gemini cryptocurrency exchange just announced the addition of 3 new cryptocurrencies to their trading lineup. The most surprising addition being ZCash, which was not expected by anybody in the community. ZCash: Privacy Focused, But On a Regulated Exchange The week of the Consensus conference has always been a week of news, innovation, and announcements from major players in the cryptocurrency and blockchain industry. It seems that this year’s Consensus is no different with the Gemini exchange announcing that they will be adding ZCash with plans to add…
Read MoreMorgan Stanley: Central Banks Could Force Negative Interest Rates with Crypto
As central banks explore the technology underlying that which threatens to undermine them, experts at Morgan Stanley have suggested that digital currencies could enable deeper negative interest rates during the impending financial crisis. Negative Interest Rates According to new findings from Morgan Stanley, central banks could use cryptocurrencies to lessen the negative impacts of the next financial crisis by slashing interest rates. As reported by Business Insider, a team of strategists from the multinational investment bank and financial services company uncovered multiple areas for which central banks could utilize cryptocurrencies to their…
Read MoreArrest Warrants Issued to Employees of South Korean Crypto Exchange
Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director. The three are “suspected [of] fraud and embezzlement,” according to local media. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Arrest Warrants for Crypto Exchange’s Employees On Monday, local media reported that arrest warrants have been issued to employees of a South Korean cryptocurrency exchange. “Three of the company’s executives, who operate virtual currency trading site HTS Coin, were arrested for [suspicion of] fraud and embezzlement,” Money Today wrote.…
Read MoreCME Group Launches Ether-Dollar Real Time Index and Reference Rate
CME Group and Crypto Facilities Ltd have officially launched the CME CF Ether-Dollar Reference Rate (Ether Reference Rate) and CME CF Ether-Dollar Real Time Index (Ether Real Time Index) – both of which are available today on both companies’ websites, and will become available later on the CME Group Market Data Platform on June 4. ‘Designed to Meet the Evolving Needs of This Marketplace’ The Ether Reference Rate provides a daily price benchmark at 4 pm London time, while the Ether Real Time Index provides users access to a real-time Ether price.…
Read MoreSteve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add?
Steve Eisman, the American investor best known for having shorted collateralized debt obligations before the 2008 financial crisis, doesn’t see what is the real value of cryptocurrency. He reportedly holds that the popularity of the phenomena comes down to only two factors, speculation and money laundering. Also Read: Only 8.5% of Bitcoin and Cryptocurrency Traders Are Female Steve Eisman Doesn’t Get Crypto Steve Carell Speaking in front of about 1,500 people at the CFA Institute’s annual conference in Hong Kong on Monday, Eisman even questioned the rationale for cryptocurrencies to…
Read MoreConsensus 2018: Mammoth Turnout on Opening Day as Parody Protesters March Outside the Cryptocurrency Conference
The 2018 Consensus Conference is underway in New York. Already, this year’s event seems to be even more colorful than previous with protesters staging a march outside the summit venue. The turnout so far is impressive with the usual logistical issues that are common in large gatherings such these. Parody Protests Outside While experts and crypto enthusiasts are engaging in the conference outside, some bizarre scenes are taking place outside. Scores of protesters bearing placards and banners are staging a “demonstration” on the streets. Alas, the individuals are part of…
Read MoreChinese Miners Are Finding Relocation Difficult in Southeast Asia
According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable power. Also read: Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period Chinese Miners Who Relocate Are Finding Other Regions Located in Southeast Asia More Difficult Mining in China is still allowed but there…
Read MoreBlockchain Technology Will Usher in the Fourth Industrial Revolution
Steve Chiavarone is a blockchain believer. The portfolio manager at Federated Investors believes the technology behind bitcoin will help usher in the fourth industrial age. Many commentators have previously identified blockchain as having the potential to disrupt the global business process. Blockchain: An Exciting Emerging Technology Chiavarone is certain that the distributed ledger technology (DLT) framework is an essential cog in the wheel of emerging technologies that will transform the world. The Wall Street bull predicts that blockchain, along with robotics, automation, artificial intelligence (AI), and the Internet of things…
Read MoreCoinbase Remains the Most Successful and Important Company in the Crypto Industry
On its 6th birthday, Coinbase received high praise from Shapeshift’s Erik Voorhees. He Tweeted, “Coinbase remains the most successful and important company in the crypto industry.” Arguably, that is very much the case. The San Francisco-based cryptocurrency exchange with its barebone menu of offerings, combined with its easy user-interface and relatively smooth onboarding (almost no upfront deposit needed), provide an envious business model. That’s not to write the company is without faults, as it has many. It might not even be the future of retail crypto access, and perhaps it…
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